TechFlow news — The Block's Research Director Larry Cermak tweeted: There are rumors that firms like Jump and Alameda have committed another $2 billion to rescue UST. Regardless of whether this rumor is true or false, the mere fact that it's being circulated is significant. The biggest issue here is that even if they somehow miraculously peg it back to $1, trust is irreversibly lost. In my personal opinion, the only way to save it now is through full (or nearly full) collateralization. Otherwise, I don't see it being used again.
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